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Explosives screening mandatory for direct cargo services to the EU

The European Union (EU) authorities include Bangladesh to the high-risk countries in terms of operating direct cargo services to the EU, according to the Civil Aviation Authority of Bangladesh (CAAB). The EU Ambassador to Bangladesh Pierre Mayaudon informed this decision at a meeting with CAAB Chairman Air Vice-Marshal Ehsanul Gani Chowdhury at the latter’s office yesterday, meeting sources […]

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Sustainability Compact – Achievements and Challenges

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In response to the collapse of the Rana Plaza factory in April 2013, the Government of Bangladesh (GoB), the International Labour Organisation (ILO), the European Union (EU) and the United States (joined later) engaged in a joint initiative known as “Compact for Continuous Improvements in Labour Rights and Factory Safety in the Ready-Made Garment and […]

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Bangladesh Sustainability Compact Achievements

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Sustainability Compact achievements may be categorised in Technical and Legislative achievements. Technical Achievements: Out of more than 7,000 factories, as of March 2017 approximately 1,580 factories have been inspected and 55 terminated by the Accord on Fire and Building Safety in Bangladesh for reasons of workplace safety. The Government of Bangladesh, in collaboration with the ILO […]

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Bangladesh Sustainability Compact – Tasks Ahead

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The visiting delegation of Members of the European Parliament (MEPs) in the last week of March, led by Socialists and Democrats Co-rapporteur Mr. Arne Lietz, called on Bangladesh to address four issues: full alignment of the EPZ draft law Bangladesh Labour Act with the UN core Labour Convention modalities for establishing trade unions and the […]

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Local value addition of RMG reaches ‘optimal’ level

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Local value addition of the Bangladesh’s readymade garments (RMG) industry has reached its ‘optimal level’, according to the latest statistics published by the Central Bank of the country Bangladesh Bank. It’s quarterly review on RMG sector shows that local value addition of the industry was 73.12 per cent in fiscal year (FY) 2008-09, which rose to […]

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Bangladesh Govt. Cash Subsidies for Exporters in FY 2015-16

The government of Bangladesh has released cash incentives amounting to BDT 8.75 billion for disbursement among major exporters for fiscal year (FY) 2015-16. This amount of subsidies will be distributed among the business communities, which export goods, meaning they will still make profit if they even export goods at it’s production costs. 35 billion total annual allocation […]

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Bangladesh Export earnings target falls short by 6.0 pc

Bangladesh’s overall export earnings recorded a marginal growth during the July-May period of current fiscal year 2014-15. The export receipts stood at $28.14 billion showing a 2.83 per cent growth during the period though it fell short of target by 6.01 per cent, according to Export Promotion Bureau (EPB) data released Monday. However, the single […]

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300 new garment factories spring up in 2 yrs as 450 down shutters

More than 300 new apparel factories were set up in the last two years while 450 factories were closed down in Bangladesh. Of the total new factories, new entrepreneurs established some 137 while the rest emerged as part of expansion of the existing ones, said the association of the readymade garment (RMG) in Bangladesh. It said that non-compliance, western […]

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Beximco’s severe cash crunch may be eased by Sonali Bank

Bangladesh’s state-owned Sonali Bank (SB) has decided to reschedule Tk 982.44 crore of Bangladesh Export Import Company (BEXIMCO) Limited’s loans and extend the repayment period to 2026 to help the conglomerate ride out its severe cash crunch and continue commercial operations. Beximco’s loan rescheduling proposal was approved in entirety last week by the Sonali bank’s […]

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Bangladesh’s export in the USA declined by 8.42 pct

Bangladesh’s export in the USA declined by 8.42 per cent during the first quarter (July-Sept) of the current fiscal (FY), 2014-15, mainly due to poor performance of major exportable items to the US market, reports UNB. In the same period China, India and Viet Nam increased market share in the USA. Bangladesh exports to the […]

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Korean Export Processing Zone at serious risk

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Instead of handing over the Korean Export Processing Zone (KEPZ) to the investor, the government of Bangladesh plans to take back […]

Dhaka needs to remove its rocky anti-FDI atmosphere

Korean Ambassador to Bangladesh Lee Yun-young

Korean Ambassador to Bangladesh Mr. Lee Yun-young has said Bangladesh should come out from protectionism and open up its market […]

‘Welfare Associations’ to negotiate for rights at Bangladesh EPZ

The Government of Bangladesh today approved, in principle, draft of a labour law for Export Processing Zones (EPZ) with the provision […]

Return of GSP seems far off – a lot more must be done

Bangladesh’s progress in implementation of the National Tripartite Plan of Action on Fire Safety and Structural Integrity (the Action Plan) which provides a […]

Bangladesh halts shutdown of “unsafe” factories

The Bangladeshi government is refusing to shut down garment factories declared unsafe, following a row with independent inspectors over the […]

Yawning gap between pledges and delivery to Rana Plaza victims

Many Rana Plaza victims are yet to receive the promised compensation from the government and retailers, nine months after the […]